Mentha oil June contract gained Rs 28.7 and settled at Rs 746.2 a kg on robust lower-level buying. Positive cues from physical market also strengthened the upside. The contract made intraday low of Rs 719 a kg and high of Rs 746.2 a kg with the volume of 3428 and total open interest for the same contact was at 2697.Now support for the menthol is seen at 728.1 and below could see a test of 709.9. Resistance is now likely to be seen at 755.3, a move above could see prices testing 764.3.

Trading Ideas:

Menthol Oil trading range is 709-724.

Mentha oil spot is at 815/-. Spot is Up by 35rs.

Resistance for the mentha oil is at 752.60

Support for mentha oil is at 740.20.

Mentha oil hits upper circuit on robust lower-level buying supported by spot market

MENTHOL O/P HIGHER BUT TODAY PROFIT BOOKING CAN BE SEEN TO TEST 732 LEVEL.